By Joseph Wong Malaysia’s cargo ports have set a new benchmark in 2024, achieving record-breaking levels of activity. This unprecedented performance not only bolsters the economy but also has significant implications for the real estate market, spurring growth in industrial, residential and commercial sectors across the nation. “In total, we estimate that Malaysian cargo ports…
Read MoreHBA opines there is no need for a URA legislation, which would simply be opening another can of worms, as KPKT is still not up to the mark in resolving the spate of “late, sick” and worse of all “abandoned” housing projects. The National House Buyers Association (HBA) has written numerous articles on the repercussion,…
Read MoreKUALA LUMPUR (Jan 2): Ecobuilt Holdings Bhd (KL:ECOHLDS) has until Jan 8 to submit its annual report for the financial financial year ended Aug 31, 2024, failing which the trading of its securities will be suspended the following day (Jan 9). The loss-making construction cum property firm has failed to submit the annual report —…
Read MoreKUALA LUMPUR (Dec 31): KLCC Property Holdings Bhd’s (KLCCP) (KL:KLCC) wholly owned unit Suria KLCC Sdn Bhd has upsized its sukuk murabahah programme to RM2 billion from RM600 million. This came after the programme’s RM600 million issuance on Dec 31, 2014 matured on Tuesday, according to the group’s bourse filing. On the same day, Suria…
Read MoreKUALA LUMPUR (Jan 1): Andrew Khoo Boo Yeow, the son to whom Tan Sri Khoo Kay Peng passed the baton six years ago, has been in the thick of action to unlock the MUI group’s asset value over the past two years. MUI Properties Bhd (KL:MUIPROP) executive chairman Boo Yeow’s latest deal saw the sale…
Read MoreKUALA LUMPUR (Dec 30): Gamuda Bhd is acquiring 389.7 acres of land in the Springhill Industrial Park, Port Dickson for RM424.4 million, cash, from a joint venture (JV) between MUI Properties Bhd (MUIPROP) and Chin Teck Plantations Bhd. Gamuda intends to use the land to develop cloud or data centre infrastructure, according to its bourse…
Read MoreKUALA LUMPUR (Dec 31): Shopping mall operators said the proposed electricity tariff hike will put further financial pressures on them, who are still grappling with post-pandemic challenges, and ultimately lead to higher prices for consumers. The Malaysian Shopping Malls Association (PPK) is urging authorities, including Tenaga Nasional Bhd (KL:TENAGA) (TNB), to reconsider the planned electricity…
Read MoreKUALA LUMPUR (Dec 30): Sunway Bhd (KL:SUNWAY) has appointed its independent director Datuk Mohd Anuar Taib (pictured) to an executive role as deputy president effective Jan 2, 2025. Anuar, who will step down as chief executive officer of Sapura Energy Bhd (KL:SAPNRG) on Tuesday (Dec 31), joined the board of Sunway in July 2023 as…
Read MoreKUALA LUMPUR (Dec 30): The Malaysia Retailers Association (MRA) has expressed concerns about the government’s decision to increase the base electricity tariff, arguing that it will negatively impact the country’s competitiveness and economic recovery. In a statement released on Monday, the association is strongly urging the government to reconsider the electricity tariff hike, scheduled to…
Read MoreKUALA LUMPUR (Dec 28): Rapid KL’s rail services will operate until 3am, while selected bus routes will run until 3.30am on Jan 1 to ease congestion during New Year’s Eve celebrations for 2025. In a statement on Saturday, Prasarana Malaysia Bhd announced that the extended hours will cover 18 rail stations, four Rapid Transit bus…
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